YesterdayQuote:
The pandemic flooding the domestic market with seats seems to be the bigger threat to the 50 seater.
https://oilprice.com/Energy/Oil-Prices/Why-Oil-Will-Keep-Rising-In-2021.htmlOriginally Posted by captive apple
Your center point is that oil prices will kill the 200 correct? So what will raise oil to that price? What price point does that occur at? Oil is in the low 50s, which is extremely affordable considering that is 25% off its 200 month average. You mentioned pulling 200s out of storage, did you know that was happing at a price point of $100. The pandemic flooding the domestic market with seats seems to be the bigger threat to the 50 seater.
https://markets.businessinsider.com/commodities/oil-price?type=wti
When you look at the agenda of the Biden administration, don’t be shocked when the barrel clips 2008 price’s. On day one they went after a massive pipeline project. That’ll be the first of many actions applied for the sake of green energy.
The twisted irony to this pandemic will be when crude oil starts rising as we start to recover. Eliminating supply will turn a rise into a spike, which is what I would expect.
